Georgia Council on Economic Education w w w. g c e e. o r g Macroeconomics and the Georgia Performance Standards Mike Raymer Program Manager.
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Presentation on theme: "Georgia Council on Economic Education w w w. g c e e. o r g Macroeconomics and the Georgia Performance Standards Mike Raymer Program Manager."— Presentation transcript:
Georgia Council on Economic Education w w w. g c e e. o r g Macroeconomics and the Georgia Performance Standards Mike Raymer Program Manager
The Mission To help teachers teach those students, K-12, in the public and independent schools of Georgia
The Vision Productive Workers Informed Consumers Involved Citizens Prudent Savers Wise Investors Sound lifelong decision makers in a globally interdependent world Students leaving school prepared for their roles as:
Domain Performance for the 2008-2009 EOCT Domain WeightNumber of Items Avg. Correct Fall Spring % Correct Fall Spring Fundamental 2 weeks 20.5%147.88.356%59% Micro 4 weeks 22%158.68.757%58% Macro 5 weeks 20.5%147.67.754%55% International 2 weeks 18%126.77.156%59% Personal Finance 2 weeks 19%138.28.363%64% Handout
GPS Performance standards provide clear expectations for instruction, assessment, and student work. They define the level of work that demonstrates achievement of the standards, enabling a teacher to know “how good is good enough.” (www.georgiastandards.org) Handout
Domain Focus SSEMA1 The student will illustrate the means by which economic activity is measured.
Domain Focus SSEMA2 The student will explain the role and functions of the Federal Reserve System.
Domain Focus SSEMA3 The student will explain how the government uses fiscal policy to promote price stability, full employment, and economic growth.
Macro Pacing Option #1: Five weeks of fury Option #2: Three weeks of indicators, two weeks fiscal/monetary Option #3: Three weeks of indicators, one week fiscal, one week monetary
What is the national debt? What caused the national debt? Where does the government get the money when it wants to spend more than it takes in? What is a budget deficit? What is a budget surplus? Questions for You
Demonstration Lesson #4 Should we worry about the national debt?
Georgia Council on Economic Education w w w. g c e e. o r g 1.Will the national debt cause the US to go bankrupt? 2.Are the interest payments on the debt important? 3.What about paying off the debt by increasing taxes? 4.Does running deficits today, and adding to the national debt, put a burden on future generations?